Published by Coherent Market Insights
Posted on October 4, 2021
Bunkering is the process of transferring fuel to a vessel or a facility in the form of conventional marine fuels or LNG. The density of LNG is around half that of heavy fuel oil. This translates to around 1.8 times LNG needing to be bunkered to obtain same range in comparison to bunkering heavy fuel oil.
Increasing number of vessels or ships are using LNG owing to the need for cleaner fuels coupled with stringent government regulations to reduce chemical emissions. This in turn is expected to drive growth of the LNG bunkering market. For instance, a regulation passed by the International Maritime Organization (IMO) in 2012, stated that ships must reduce their sulfur content in fuel from 4.5% to 3.5%. Various end users are increasingly inclined towards replacing conventional fuels such as natural gas with LNG, given its significant cost advantage over the former.
A detailed report on Global LNG Bunkering providing a complete information on the current market situation and offering robust insights about the potential size, volume, and dynamics of the market during the forecast period, 2021-2027. The research study offers complete analysis of critical aspects of the global LNG Bunkering , including competition, segmentation, geographical progress, manufacturing cost analysis, and price structure. We have provided CAGR, value, volume, sales, production, revenue, and other estimations for the global as well as regional markets.
Results of the recent scientific undertakings towards the development of LNG Bunkering products have been studied. Nevertheless, the factors affecting the leading industry players to adopt synthetic sourcing of the market products have also been studied in this statistical surveying report. The conclusions provided in this report are of great value for the leading industry players. Every organization partaking in the global production of the LNG Bunkering market products have been mentioned in this report, in order to study the insights on cost-effective manufacturing methods, competitive landscape, and new avenues for applications.
Top Key Players in LNG Bunkering market: Royal Dutch Shell Plc., Skangas, ENN Energy, Korea Gas Corporation, Prima LNG, Harvey Gulf International Marine LLC, Bomin Linde LNG GmbH & Co KG, Fjord Line, Crowley Maritime Corporation, and Polskie LNG.
Regional Analysis For LNG Bunkering Market:
Besides segmental breakdown, the report is highly structured into region wise study. The regional analysis comprehensively done by the researchers highlights key regions and their dominating countries accounting for substantial revenue share in the LNG Bunkering market. The study helps understanding how the market will fare in the respective region, while also mentioning the emerging regions growing with a significant CAGR. The following are the regions covered in this report.
Europe was the largest revenue contributor to the global market in 2016, accounting for 42.17% share. This is due to presence of largest bunkering hub, Norway in the region, as it offers over 18,000 LNG bunker stations. Moreover, rising concerns for minimizing the environmental impact and augmenting investments towards rebuilding and upgrading LNG infrastructure is anticipated to further boost growth of LNG bunkering market in Europe. In 2017, the European Union (EU) member states approved the European Commission’s proposal of investing US$ 24.18 million to support seven actions for developing efficient and sustainable transport and energy infrastructure including that for LNG bunkering.
Key Objectives of LNG Bunkering Market Report:
Significant Highlights of the Report:
The key questions answered in this report:
Contact Us:
Mr. Shah
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: sales@coherentmarketinsights.com
The post LNG Bunkering market Share Analysis And Research Report By 2027 appeared first on Gatorledger.
Bunkering is the process of transferring fuel to a vessel or a facility in the form of conventional marine fuels or LNG. The density of LNG is around half that of heavy fuel oil. This translates to around 1.8 times LNG needing to be bunkered to obtain same range in comparison to bunkering heavy fuel oil.
Increasing number of vessels or ships are using LNG owing to the need for cleaner fuels coupled with stringent government regulations to reduce chemical emissions. This in turn is expected to drive growth of the LNG bunkering market. For instance, a regulation passed by the International Maritime Organization (IMO) in 2012, stated that ships must reduce their sulfur content in fuel from 4.5% to 3.5%. Various end users are increasingly inclined towards replacing conventional fuels such as natural gas with LNG, given its significant cost advantage over the former.
A detailed report on Global LNG Bunkering providing a complete information on the current market situation and offering robust insights about the potential size, volume, and dynamics of the market during the forecast period, 2021-2027. The research study offers complete analysis of critical aspects of the global LNG Bunkering , including competition, segmentation, geographical progress, manufacturing cost analysis, and price structure. We have provided CAGR, value, volume, sales, production, revenue, and other estimations for the global as well as regional markets.
Results of the recent scientific undertakings towards the development of LNG Bunkering products have been studied. Nevertheless, the factors affecting the leading industry players to adopt synthetic sourcing of the market products have also been studied in this statistical surveying report. The conclusions provided in this report are of great value for the leading industry players. Every organization partaking in the global production of the LNG Bunkering market products have been mentioned in this report, in order to study the insights on cost-effective manufacturing methods, competitive landscape, and new avenues for applications.
Top Key Players in LNG Bunkering market: Royal Dutch Shell Plc., Skangas, ENN Energy, Korea Gas Corporation, Prima LNG, Harvey Gulf International Marine LLC, Bomin Linde LNG GmbH & Co KG, Fjord Line, Crowley Maritime Corporation, and Polskie LNG.
Regional Analysis For LNG Bunkering Market:
Besides segmental breakdown, the report is highly structured into region wise study. The regional analysis comprehensively done by the researchers highlights key regions and their dominating countries accounting for substantial revenue share in the LNG Bunkering market. The study helps understanding how the market will fare in the respective region, while also mentioning the emerging regions growing with a significant CAGR. The following are the regions covered in this report.
Europe was the largest revenue contributor to the global market in 2016, accounting for 42.17% share. This is due to presence of largest bunkering hub, Norway in the region, as it offers over 18,000 LNG bunker stations. Moreover, rising concerns for minimizing the environmental impact and augmenting investments towards rebuilding and upgrading LNG infrastructure is anticipated to further boost growth of LNG bunkering market in Europe. In 2017, the European Union (EU) member states approved the European Commission’s proposal of investing US$ 24.18 million to support seven actions for developing efficient and sustainable transport and energy infrastructure including that for LNG bunkering.
Key Objectives of LNG Bunkering Market Report:
Significant Highlights of the Report:
The key questions answered in this report:
Contact Us:
Mr. Shah
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: sales@coherentmarketinsights.com
The post LNG Bunkering market Share Analysis And Research Report By 2027 appeared first on Gatorledger.
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